djgritt
Premium Member
Registered: 1st Nov 07
Location: Dorset Drives: Focus ST / Hyundai i20N
User status: Offline
|
Go for the car
I pay £155 p/m roughly for my Mazda - all fuel, maintenance, insurance, tax etc etc included - for all business and private use
Best monthly outgoing I have, save so much through it - mainly due to the fuel being covered!
|
deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
|
£260 is worth it.
Costs me that in my car in fuel, running costs and insurance I'd say 
Scary thought mind 
|
Ben D
Member
Registered: 25th Apr 05
Location: South West
User status: Offline
|
I remember not too long ago it was costing me double £260 a month just to insure a car
[Edited on 03-04-2011 by Ben D]
|
--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
|
quote:
Originally posted by Ben D
I remember not too long ago it was costing me double £260 a month just to insure a car
[Edited on 03-04-2011 by Ben D]
, been there!!
|
Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
|
Company cars FTW!
|
pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
|
That's the only problem with working in public sector, I want a company car 
|
--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
|
quote:
Originally posted by --DAN--
quote:
Originally posted by Marc
Take the car!!
My minds made up, now i've read the thread back its a no brainer!
And then I see something like this and I'm not sure again!!!
http://www.pistonheads.com/sales/2011368.htm
|
richc
Member
Registered: 24th Mar 07
Location: Ilkeston
User status: Offline
|
Take the car. Ditch urs win win 
|
Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
|
Company car try making it a 320ed and the tax man won't be such an evil man each month!
170bhp with 109kg/co2
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
That's a £20k pay cut over three years.
Sure you could run a fairly nice car on a £20k budget.
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
quote:
Originally posted by --DAN--
quote:
Originally posted by Ben D
also with fuel prices only going to rise you could probably sneak a few of the Mrs' petrol receipt in there to claim back too 
No need mate, it'd be a fuel card so no need to pay for the fuel upfront and the Mrs gets her diesel for £1 litre through work so she's on a winner anyway.
Please continue...
|
whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
|
difficult but think abot tax implications
Your BIK will be affected thus you will pay more tax
If your 40% tax payer then the amount of tax you pay for the car will double
Also you wil be taxed on the fuel if its all in
Guys at work get option to opt into fully fuel and its like being taxed on another car
For me, with insurance road tax, servicing, fuel etc I would be getting a compnay car
However if you do very few business mile snayway surely they will be looking to remove this benefit from you in the long run
|
taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
|
quote:
Originally posted by Ian
That's a £20k pay cut over three years.
Sure you could run a fairly nice car on a £20k budget.
like a 3 series?
|
--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
|
quote:
Originally posted by emicen
quote:
Originally posted by --DAN--
quote:
Originally posted by Ben D
also with fuel prices only going to rise you could probably sneak a few of the Mrs' petrol receipt in there to claim back too
No need mate, it'd be a fuel card so no need to pay for the fuel upfront and the Mrs gets her diesel for £1 litre through work so she's on a winner anyway.
Please continue...
Not as dodgy as it sounds
|
emicen
Member
Registered: 26th Jul 10
Location: Glasgow
User status: Offline
|
quote:
Originally posted by --DAN--
quote:
Originally posted by emicen
quote:
Originally posted by --DAN--
quote:
Originally posted by Ben D
also with fuel prices only going to rise you could probably sneak a few of the Mrs' petrol receipt in there to claim back too
No need mate, it'd be a fuel card so no need to pay for the fuel upfront and the Mrs gets her diesel for £1 litre through work so she's on a winner anyway.
Please continue...
Not as dodgy as it sounds
He said, with complete lack of further details...
|
--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
|
quote:
Originally posted by whitter45
difficult but think abot tax implications
Your BIK will be affected thus you will pay more tax
If your 40% tax payer then the amount of tax you pay for the car will double
Also you wil be taxed on the fuel if its all in
Guys at work get option to opt into fully fuel and its like being taxed on another car
For me, with insurance road tax, servicing, fuel etc I would be getting a compnay car
However if you do very few business mile snayway surely they will be looking to remove this benefit from you in the long run
40% Taxpayer which means its going to cost me £3150 a year extra tax but that is neutralised by the fact I'll probably get 8-9k for the VXR.
Also there is no chance of them taking the benefit away.
|
antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
|
If it costs the same tax wise as the VXR does to run, you will be better off over 3 years, as you won't have depreciation to account for, maybe sell the VXR, whack the money into saving and earn a little off it (won't be much but better than loosing it!)
|
